US BROKER MOVES: GM upgraded at Wolfe; MDLZ downgraded at Rothschild & Redburn
Every headline is on the live feed 20 minutes before this site.
Fincantieri (FCT IM) FY EBITDA margin 7.4%; Net income EUR 117mln; Revenue + 13% to 9.194bln (prev. 8.128bln), EBITDA +33.9% Y/Y to 681mln. Total backlog 63.2bln, equal to 6.9 times 2025 revenue
Walmart's (WMT) Flipkart is also engaged in talks with Adani Group and is exploring sites across Indian states for centers, according to Bloomberg
US BROKER MOVES: GM upgraded at Wolfe; MDLZ downgraded at Rothschild & Redburn
Beretta pushes to raise its stake in Sturm Ruger (RGR) to 30%, FT reports
Israeli Broadcasting Corporation, citing Israeli army officials says, attacks in Lebanon will expand despite the talks between Iran and the US
On the Newsquawk feed at , 20 minutes before this page.
UPGRADES
- ARM Holdings (ARM) ADRs Upgraded to Outperform at Raymond James; PT USD 166
- BP (BP) ADRs Upgraded to Overweight at Morgan Stanley; PT USD 49.40
- CVR Energy (CVI) Upgraded to Market Perform at Raymond James
- Enterprise Products (EPD) Upgraded to Overweight at Wells Fargo; PT USD 42
- Four Corners Property (FCPT) Upgraded to Market Outperform at Citizens
- General Motors (GM) Upgraded to Outperform at Wolfe; PT USD 96
- Kinetik (KNTK) Upgraded to Overweight at Wells Fargo; PT USD 52
- Kosmos Energy (KOS) Upgraded to Buy at Johnson Rice; PT USD 4.25
- Murphy Oil (MUR) Upgraded to Accumulate at Johnson Rice; PT USD 63
- Oneok (OKE) Upgraded to Overweight at Wells Fargo; PT USD 100
- Rezolute (RZLT) Upgraded to Outperform at Wedbush; PT USD 5
DOWNGRADES
- Alexandria Real Estate (ARE) Downgraded to Market Perform at BMO; PT USD 52
- Crescent Energy Co (CRGY) Downgraded to Accumulate at Johnson Rice; PT USD 19
- Mondelez (MDLZ) Downgraded to Neutral at Rothschild & Co Redburn; PT USD 55
- W R Berkley Corp (WRB) Downgraded to Neutral at Janney Montgomery; PT USD 73
INITIATIONS
- Aptiv (APTV) Initiated at New Buy at President Capital Management; PT USD 82.50
- AT&T (T) Initiated at New Buy at William O'Neil
- Byrna Technologies (BYRN) Initiated at New Buy at Texas Capital; PT USD 20
- Esco Tech (ESE) Initiated at New Buy at Deutsche Bank; PT USD 350
- Figma (FIG) Reinstated Market Perform at Oppenheimer
- Immix Biopharma (IMMX) Initiated at New Overweight at Morgan Stanley; PT USD 20
- Mercantile Bank (MBWM) Initiated at New Equal-Weight at Stephens; PT USD 54
- Payoneer Global (PAYO) Initiated at New Buy at BofA; PT USD 6
- Rocket Cos. (RKT) Initiated at New Market Perform at Citizens
- Strata Critical Medical (SRTA) Initiated at New Buy at B Riley; PT USD 8
- Vertiv Holdings (VRT) Initiated at New Buy at HSBC; PT USD 325
- WaterBridge Infrastructure (WBI) Initiated at New Buy at William O'Neil
Context
The upgrade of General Motors (GM) to Outperform at Wolfe suggests a positive outlook driven by likely improvements in performance or market position. Conversely, Mondelez (MDLZ) being downgraded to Neutral at Rothschild indicates potential concerns about its growth prospects or competitive pressures, which may weigh on the stock. Watch both names closely for sector implications and market sentiment shifts, especially with GM in the auto sector and MDLZ in packaged foods.
Related headlines
- Newsquawk Weekly Economic Calendar - 19th-23rd October 20261 day ago
- US EQUITY OPEN: Stocks mixed at the open as AI stock rout continues1 day ago
- US Midterm Preview: Democrats Favoured to Flip the House, Senate Too Close to Call1 day ago
- US Market Wrap: Stocks hit as AI growth concerns weigh on sentiment 1 day ago
- Newsquawk European Market Wrap - 16th October 20261 day ago
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 2+ TICKS LOWER AT 105-14+1 day ago
- CRUDE WRAP: WTI (X6) SETTLES USD 3.44 HIGHER AT USD 101.41/BBL; BRENT (Z6) SETTLES USD 3.94 HIGHER AT USD 109.86/BBL1 day ago
- US President Trump says US economy has never been stronger; regarding oil drilling in Texas, nobody can take a chance on it1 day ago
- US President Trump says Israel has been helpful to Saudi Arabia1 day ago
- US President Trump, when asked about the Ukraine starlink slowdown, says i did not slow it down1 day ago
- US White House Press Secretary says on inflation, US President Trump is doing everything he possibly can1 day ago
- Iran Foreign Ministry Spokesperson says Iran is ready to help peacefully resolve issues between Saudi Arabia and Yemen; has always been ready to use best efforts to help resolve the conflict1 day ago
- US President Trump says he wants the Russia/Ukraine war ended; on Zelensky/Ukraine, says at some point I'll release details; I think it's good; will get a deal on nuclear arms with Russia and China1 day ago
- Weekly US Earnings Estimates: 19th-23rd October 2026: Earnings pick up with META, TSLA, SPCX, LRCX, and NFLX the highlights1 day ago
- Irib reports that the East-West oil pipeline of Saudi Arabia has been targeted once again; adds, detection of a new thermal anomaly in the Yanbu area, near the oil pipeline1 day ago
- Russian President Envoy Dmitriev says Russia and the US discussed in the Arctic and LNG1 day ago
- Russian Ministry of Defence says that the Tu-22M3 long-range bombers flew over neutral waters of the Baltic Sea, escorted by foreign fighters, according to TASS1 day ago
- NY Fed confirms that NatWest (NWG LN) has withdrawn as a primary dealer1 day ago
- US PREMARKET MOVERS: TSLA, NFLX, VRNS, AA, TRV, MSTR, WDAY, ECHO1 day ago
- US lawmakers introduce bill to block US President Trump’s Russia diesel deal1 day ago
The feed had this first.
Use the Platform